Buyer Services Guarantee
How To Buy A Home In Naples Florida
If you’re wondering how to buy a home in Naples, FL, you’ve come to the right place. The first step is to conduct a counseling session with you to review your lifestyle, household needs and purchasing power to determine the best home buying process for you. We will provide you with information on obtaining a “no cost” mortgage pre-approval, ensuring that we’re focused on the most appropriate budget. Beginning our relationship this way, will save you time and money and prepare you how you’re going to buying you home, negotiating the purchase of your new home and begin your home buying process !
“My wife and I contacted Glenn to express our interest in purchasing a property in Naples. Glenn listened to our parameters and asked cogent questions to insure that he understood. Glenn then delivered. He presented properties that met our criteria, arranged multiple showings during a short visit, and then did a fair amount of due diligence and market watching in the months following. He then identified a property that met our needs, which prompted a quick visit and led to an offer and acceptance. What more could you ask for?” Mr. & Mrs. Devlin, MA and Naples, Fl.
We will review the details of our professional representation relationship with you, including our role and duties to you while representing you through the entire home buying process in the purchase of your new home. We will use skill, care and diligence in representing you in your home search and throughout the transaction and provide guidance on how you can buy your home.
Home Buyer Guide
Our wealth of resources, such as our HomeBuyer Guidebook, reinforces our commitment by helping you navigate through the home buying process. Our Guidebook is filled with useful facts, worksheets and charts that help prepare you to buy a home. From beginning your search to financing the home of your dreams, this Guidebook is the A-Z of how to buy a home in Naples and gives you important pointers to make your real estate experience simple.
In today’s fast-paced real estate environment, home buyers need every possible advantage. The Glenn Bradley Group makes the home buying process simpler by helping buyers get “preapproved,” and not merely “prequalified.” What is the difference?
Preapproval vs. Prequalification
What could be more comforting than the peace of mind that goes with knowing your mortgage is fully approved?
You will have a greatly improved negotiation position when you are preapproved for a mortgage. Sellers are more apt to negotiate with someone who already has a mortgage approval in hand. The preapproval letter lets the seller know they are working with a serious buyer. A preapproved buyer can also close on a property more quickly – another major consideration for a motivated seller. Obtaining a preapproved mortgage is essential in a “sellers’ market” or where supply is limited.
Preapproval, uses basic information as well as electronic credit reporting. It is a true mortgage commitment. This means a commitment to financing your home and an indication of the total mortgage amount available to you. Mortgage lenders can help you through the preapproval process. In most cases, there is no charge for this service. Please reach out to us any time as we know it can be difficult to figure out how to buy a home without professional guidance.
Prequalification, on the other hand, is not a full mortgage approval, but an estimate of what you can afford. When you prequalify for a mortgage, the lender collects basic information regarding your income, monthly debt, credit history and assets, and then uses this information to calculate an estimated mortgage amount.
Of the over 50 different mortgage types available, the two largest categories are fixed and adjustable rate mortgages, each with advantages to consider.
Fixed Rate Mortgage
Fixed rate mortgage is a traditional method of financing a home. The interest rate stays the same for the entire term of the loan – usually 15 or 30 years – so the interest and principal portions of your monthly payment remain the same.
Your payments are stable and predictable, but initial interest rates tend to be higher on a fixed rate mortgage than on adjustable rate loans. Many fixed rate mortgages cannot be assumed by a subsequent buyer.
Adjustable Rate Mortgage (ARM)
The interest on an adjustable rate mortgage is linked to a financial index, such as a Treasury security, so your monthly payments can vary over the life of the loan – usually 25 – 30 years. Most adjustable rate mortgages have a lifetime cap on the interest rate increase to protect the borrower.
The lower initial payments on ARMs make it easier for buyer to qualify. Some ARMS may be converted to fixed rate mortgages at specified times, usually within the first five years.
After discussing your needs and reviewing your options on how you’re going to buy your home in Naples, we will present you with properties as they debut or, when possible, before they appear on the open market. We will schedule a viewing of those properties that meet the criteria you have selected.
Your transaction will be entered into our HomeBase online transaction management program. You will have access to a password protected; private account where you can view current information and documents through out the entire process of how we buy your home, 24/7, during and after your transaction has closed.
Negotiation Strategy and Offer Preparation
Since 2000, we have been negotiating residential real estate contracts in the greater Naples area, having negotiated for buyers and sellers more than 1000 times, our experience is vast in guiding you through how you will buy your home in Naples. Utilizing our extensive contact list of industry professionals will ensure your needs are met and will significantly reduce your time and effort spent on the small details others may leave out through your home buying process.
My staff and I will guide you through the minefield of how to buy a home and potential problems associated with the appraisal, inspection and financing process, including the often complicated escrow instructions. In addition, I or my staff can meet and instruct any specialist or trades people who may be required for inspections, repair estimates, survey’s etc.
We’ve learned that there is usually a solution to be found. During the home buying process and negotiation, it’s the final sales price in addition to the terms and conditions of the contract that we focus on; everything in the middle is simply “the art of negotiation”. That said, when negotiating a purchase, most buyers prefer to deal with a middleperson who is objective, unemotional and professional. You will often feel more comfortable with a Realtor than with the homeowner when you raise issues that need resolving before making an offer or during the contingency period.
“We had a tough seller who was not living up to the verbal statements and finally tried to disregard the written agreement. Glenn was great and was the only reason for the “satisfied” rating on the closing.” M. Devlin – Naples, FL
We will explain the Residential Sales Contract with you, prepare and review with you the Comparative Market Analysis on the home you’re considering and create a written offer on the property you choose, with terms approved by you.
“Glenn Bradley has helped me in my search for a new home and research to sell my home. He and his staff are extremely professional, knowledgeable, timely, and friendly. The market analysis he provides is excellent. While looking at homes with Glenn, I never felt like he was just trying to sell a house, I really felt like he was sharing the experience with me and wanted only the best for me. I recommend Glenn Bradley to all my friends and neighbors who may be considering selling their homes or buying one.” Annette J. – Naples, Fl
Federal and State Laws and Disclosure’s:
We will arrange and manage all disclosures required by Florida State and Federal Law. From Homeowner’s Association Disclosures, Condominium Documents, Rules and Regulations, By-Laws, Declaration of Condominium, Articles of Incorporation, Most Recent Year-End Financial Information, Governance Forms, Question and Answer Sheet, Chinese Drywall, Lead Based Paint Disclosure, Radon Disclosure and everything in between The Glenn Bradley Group will walk you through the process.
Building and Termite Inspections
We will recommend that you obtain professional building and termite inspections, assist you in scheduling the inspections as requested, and will work with you to request the seller to remedy the items you specify after your review of the inspection reports.
We will act as Escrow Agent for you transaction, if requested, and will maintain your earnest money deposit in a federally insured non-interest bearing account and will administer the escrow in accordance with the strict guidelines of Chapter 475, Florida Statutes.
We will endeavor to present your purchase offer directly to the seller in the presence of the listing associate in order to enhance the possibility that your offer will be accepted.
If buying a condominium, we will assist you in obtaining the Declaration of Condominium, Articles and Incorporations, By-laws, Rules and Regulations, Most Recent Year-End Financial Information, Question and Answer Sheet and Governance Form of the condominium association. You will have three days to review the documents, allowing you to determine whether the property meets your requirements and does not contain restrictions you find objectionable.
Contract to Closing
We will monitor and inform you of the progress of your purchase agreement, including the satisfaction of all contingencies and conditions, maintain a calendar of dates and timelines and manage the closing process all while keeping you informed and up to date on your transaction.
“We could not be happier with Glenn! He is very professional, efficient and stays on top of everything. Great choice – Thank you!” S. Blades USAA Member – Bonita Springs, FL
Pre-Closing Walk-Through Inspection
We will accompany you or your inspector on a walk –through of the property before closing (If provided for in your contract), and we will assist you in addressing any problems discovered during the walk-through covered under your purchase agreement.
We will contact you after the closing to follow up on remaining details or service needs, or just to check in. As always, you’re welcome to call us with any questions or even a restaurant recommendation.
We hope this list gave you some guidance on how to buy a home in Naples, Florida. Of course, it’s always better to ask your questions specifically. Contact us at any time and we would be more than happy to answer you questions on how you can buy your perfect home in Naples Florida.